MADE - ETF AI Analysis

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iShares U.S. Manufacturing ETF (MADE)

Rating:72Outperform

Price Target:―

MADE, the iShares U.S. Manufacturing ETF, earns a solid overall rating driven by high-quality industrial leaders like Parker Hannifin, Amphenol, Honeywell, and Caterpillar, all of which show strong financial performance, positive earnings commentary, and strategic growth initiatives. These strengths are partly offset by holdings such as Deere, Cummins, and General Motors, where higher debt, slower growth, or valuation concerns introduce some uncertainty. The main risk factor is that many top holdings share similar issues around potentially high valuations and cyclical industrial exposure, which could weigh on returns if market conditions weaken.

Positive Factors

Strong Recent Performance

The ETF has shown solid gains over the past month, three months, and year to date, indicating positive recent momentum.

Leading Industrial Holdings

Many of the largest positions, such as Honeywell, Deere, Amphenol, Caterpillar, and Cummins, have delivered strong year-to-date results, helping support the fund’s overall performance.

Focused Exposure to U.S. Manufacturing

With almost all assets in U.S. companies and a heavy tilt toward industrials, the fund offers a targeted way to invest in the U.S. manufacturing theme.

Negative Factors

High Sector Concentration

A large majority of the portfolio is in the industrials sector, which increases the risk if manufacturing-related industries face a downturn.

Limited Geographic Diversification

Nearly all holdings are U.S.-based, so the ETF offers little protection if the U.S. market or economy weakens.

Mixed Performance Among Top Holdings

While most major positions are performing well, some holdings like General Motors have been weak year to date, which can drag on overall returns.

MADE vs. SPDR S&P 500 ETF (SPY)

AUM50.45M

RegionNorth America

Expense Ratio0.40%

Beta1.11

IssueriShares

Inception DateJul 18, 2024

Dividend Yield0.8%

Asset ClassEquity

Index TrackedS&P U.S. Manufacturing Select Index - Benchmark TR Gross

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume29,918

30 Day Avg. Volume23,143

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

39.94

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering111

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

MADE Summary

The iShares U.S. Manufacturing ETF (MADE) follows the S&P U.S. Manufacturing Select Index, focusing on American companies that make physical products like machinery, engines, aerospace parts, and cars. It holds well-known names such as Caterpillar and General Motors, along with many other industrial and tech-related manufacturers. Someone might invest in this ETF to benefit from potential growth and a rebound in U.S. manufacturing, while getting diversification across many companies instead of picking single stocks. A key risk is that it is heavily tied to the industrial sector, so it can rise or fall sharply with changes in the economy and manufacturing demand.

How much will it cost me?The iShares U.S. Manufacturing ETF (MADE) has an expense ratio of 0.4%, which means you’ll pay $4 per year for every $1,000 invested. This is slightly higher than average because it is a sector-specific ETF, which often requires more active management compared to broad-market index funds. However, it offers targeted exposure to the U.S. manufacturing industry, making it a specialized investment option.

What would affect this ETF?The MADE ETF could benefit from increased investment in U.S. manufacturing due to technological advancements and government initiatives supporting domestic production. However, it may face challenges from rising interest rates, which can increase borrowing costs for companies, and global economic slowdowns that could reduce demand for manufactured goods. Its focus on industrials and exposure to companies like Deere and Honeywell make it sensitive to changes in economic conditions and sector-specific trends.

MADE Top 10 Holdings

MADE is very much a bet on U.S. industrial muscle, with names like Caterpillar, Deere, and Honeywell doing most of the heavy lifting as their shares keep climbing on solid earnings and upbeat outlooks. Vertiv has been a standout, racing ahead and giving the fund an extra boost from the tech side of manufacturing. Amphenol and General Motors look more mixed, with GM in particular feeling a bit stuck in neutral. Overall, the ETF is firmly U.S.-centric and leans heavily into industrials with a dash of tech-driven manufacturing growth.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
DE	Deere	4.75%	$2.33M	$159.55B	22.34%	66 Neutral
HON	Honeywell International	4.55%	$2.23M	$151.53B	12.84%	77 Outperform
CAT	Caterpillar	4.21%	$2.06M	$328.53B	107.06%	76 Outperform
VRT	Vertiv Holdings	3.98%	$1.95M	$95.55B	204.42%	77 Outperform
RTX	RTX	3.65%	$1.79M	$273.64B	58.92%	74 Outperform
CMI	Cummins	3.62%	$1.77M	$76.83B	61.24%	72 Outperform
PH	Parker Hannifin	3.61%	$1.77M	$121.85B	53.02%	79 Outperform
ETN	Eaton	3.61%	$1.77M	$137.62B	27.83%	75 Outperform
GM	General Motors	3.37%	$1.65M	$68.88B	61.44%	73 Outperform
APH	Amphenol	3.35%	$1.64M	$167.47B	120.63%	78 Outperform

MADE Technical Analysis

Technical Analysis Sentiment

Neutral

Last Price―

Price Trends

50DMA

34.37

Positive

100DMA

32.36

Positive

200DMA

29.90

Positive

Market Momentum

MACD

0.41

Positive

RSI

44.55

Neutral

STOCH

26.55

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For MADE, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 36.10, equal to the 50-day MA of 34.37, and equal to the 200-day MA of 29.90, indicating a neutral trend. The MACD of 0.41 indicates Positive momentum. The RSI at 44.55 is Neutral, neither overbought nor oversold. The STOCH value of 26.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MADE.

MADE Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
MADE	―	―	$50.45M	0.40%	72 Outperform
RIET	―	―	$99.25M	0.50%	55 Neutral
GCAD	―	―	$28.16M	0.00%	56 Neutral
TSSD	―	―	$10.90M	0.65%	69 Neutral
HVAC	―	―	$8.23M	1.00%	73 Outperform
MAKX	―	―	$1.38M	0.58%	65 Neutral

Performance Comparison

MADE

iShares U.S. Manufacturing ETF

34.94

11.10

46.56%

RIET

Hoya Capital High Dividend Yield ETF

―

GCAD

Gabelli Commercial Aerospace & Defense ETF

―

TSSD

Truth Social American Security & Defense ETF

―

HVAC

AdvisorShares HVAC and Industrials ETF

―

MAKX

ProShares S&P Kensho Smart Factories ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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